Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the spending variance for medical supplies in November would be closest to: Tennis Clinic uses client-visits on its measure of activity. During November the clinic

the spending variance for medical supplies in November would be closest to:
image text in transcribed
image text in transcribed
Tennis Clinic uses client-visits on its measure of activity. During November the clinic budgeted for 4.250 client visit, but its actual level of activity was 4,240 ction visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November Data used in budgeting Fixed element Variable element per month per client-visit Revenue $ $ 37.30 Personnel expenses $ 31,400 $ 12.30 Medical supplies 7.70 Occupancy expenses 9,500 3.80 Administrative expenses 7,880 8.30 Total expenses $ 50,850 $ 24.10 2,150 Actual results for November Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $ 158,364 $ 83,509 $ 35,645 $ 25,113 $8,824 The spending variance for medical supplies in November would be closest to The spending variance for medical supplies in November would be closest to Multiple Choice 5847 F 57700 57707 5847

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey

14th Edition

1119881226, 978-1119881223

More Books

Students also viewed these Accounting questions